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207
Jun 21, 2013
06/13
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CNBC
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was enron systemic? there's a sense in which some of these financial firms get themselves tangled up, but the point being, you know, was there some kind of home bias by a lot of this happening in new york here? >> well, i think part of the problem was the government bailed out everyone but lehman. they needed the executive of those financial firms to work the firms back into health and pay the government back. so it was not politically popular for the department of justice to criminally go after financial executives as a matter of policy because for the most part we needed them to be restored to health. >> and sherron -- i'm sorry, go ahead. >> well, there's a sense i think throughout the country of injustice because those executives have ridden off into the sunset with tons of money, yet rank and file employees were left with nothing, and skilling still has enough money to keep legally battling the department of justice. that's why he gets his day in court today. so there's a sense of rank and file guy,
was enron systemic? there's a sense in which some of these financial firms get themselves tangled up, but the point being, you know, was there some kind of home bias by a lot of this happening in new york here? >> well, i think part of the problem was the government bailed out everyone but lehman. they needed the executive of those financial firms to work the firms back into health and pay the government back. so it was not politically popular for the department of justice to criminally...
86
86
Jun 21, 2013
06/13
by
FBC
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eye 86
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enron chief reese sentencing hearing is now under way. we want to take a look at where some of the other key players in that scandal, where they are today. for instance, cfo, out of prison. she never went. the couple forfeited $30 million. enron founder lost nothing. a judge tossed his conviction after the executive's death in 2006. and the auditing firm arthur andersen, more than 25,000 employees, they lost their jobs. joining us now is attorney michael bachmann, former prosecutor, who specializes in white-collar defense. thht happens a lot. prosecutors defend people will be charged with crimes, and in the case of mr. skilling, of the victims -- 28,000 employees at enron who saw their pensions by tough, lost their stock holdings , they are saying do not give this man a shorter sentence. he deserves our he is getting. the department of justice, they3 were ordered to change it. he does -- it does not seem bear -- chair. >> well, the appellate court ruled that the sentencing judges and a miscalculation. and that there were just too high. is
enron chief reese sentencing hearing is now under way. we want to take a look at where some of the other key players in that scandal, where they are today. for instance, cfo, out of prison. she never went. the couple forfeited $30 million. enron founder lost nothing. a judge tossed his conviction after the executive's death in 2006. and the auditing firm arthur andersen, more than 25,000 employees, they lost their jobs. joining us now is attorney michael bachmann, former prosecutor, who...
240
240
Jun 22, 2013
06/13
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CNNW
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eye 240
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he's agreed to pay $42 million to the victims of the enron collapse. in exchange a judge has agreed to cut ten years off his 24-year sentence. skilling has already served seven years for fraud, conspiracy, and insider trading. enron's collapse back in 2001 cost investors billions of dollars. >>> and number four, the daughter of former yankees manager joe torre makes an amazing catch. christina f christi christina torre caught a baby that fell out of a window in a brooklyn apartment. >> i saw the baby kind of straddling the pole -- the railing up there. >> okay. now, the father of the baby is calling her a hero. he released a statement last night. >>> and number five, it's been a little more than a month since an ef-5 tornado ripped through moore, oklahoma. the storm killed 24 people and injured more than 300. the town of moore was practically wiped out. one of its residents is doing something to help those suffering from the storm. ♪ >> that's toby keith. he's holding an oklahoma twister relief concert. it takes place july 6th and already tickets are
he's agreed to pay $42 million to the victims of the enron collapse. in exchange a judge has agreed to cut ten years off his 24-year sentence. skilling has already served seven years for fraud, conspiracy, and insider trading. enron's collapse back in 2001 cost investors billions of dollars. >>> and number four, the daughter of former yankees manager joe torre makes an amazing catch. christina f christi christina torre caught a baby that fell out of a window in a brooklyn apartment....
54
54
Jun 22, 2013
06/13
by
CSPAN
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eye 54
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it's modern-day equivalent would be like allowing enron to drill a strategic oil reserve. that is exactly what was happening with teapot film. the members of harding's cabinet were taking oil reserves and secretly selling them off to oil companies. mrs. harding, who came from an interesting journalistic background, she was a tough newspaper woman. she was probably part of the entire corrupt affair that was the harding white house. they had a circle of cronies that was called the ohio gang. they were figuring out literally how to loot the country. the veterans bureau secretary probably stole about $200 million in money that was supposed to go toward world war i veterans. the ohio gang openly sold all sorts of government licenses and commissions and they literally set up shop on k street. they went in the door at. you paid them some money and you got whatever you wanted. the corruption was unparalleled and we haven't seen anything remotely close to it. even aber mocks 80 -- even aber muff -- even abramoff's fees are nothing by comparison. i have known him for a long time. i
it's modern-day equivalent would be like allowing enron to drill a strategic oil reserve. that is exactly what was happening with teapot film. the members of harding's cabinet were taking oil reserves and secretly selling them off to oil companies. mrs. harding, who came from an interesting journalistic background, she was a tough newspaper woman. she was probably part of the entire corrupt affair that was the harding white house. they had a circle of cronies that was called the ohio gang. they...
85
85
Jun 18, 2013
06/13
by
CSPAN
tv
eye 85
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quote 0
it's modern-day equivalent would be like allowing enron to drill a strategic oil reserve. that is exactly what was happening with teapot film. the members of harding's cabinet were taking oil reserves and secretly selling them off to oil companies. mrs. harding, who came from an interesting journalistic background, she was a tough newspaper woman. she was probably part of the entire corrupt affair that was the harding white house. they had a circle of cronies that was called the ohio gang. they were figuring out literally how to loot the country. the veterans bureau secretary probably stole about $200 million in money that was supposed to go toward world war i veterans. the ohio gang openly sold all sorts of government licenses and commissions and they literally set up shop on k street. they went in the door at. you paid them some money and you got whatever you wanted. the corruption was unparalleled and we haven't seen anything remotely close to it. even abramoff's fees are nothing by comparison. i have known him for a long time. i was astonished to find out some of the t
it's modern-day equivalent would be like allowing enron to drill a strategic oil reserve. that is exactly what was happening with teapot film. the members of harding's cabinet were taking oil reserves and secretly selling them off to oil companies. mrs. harding, who came from an interesting journalistic background, she was a tough newspaper woman. she was probably part of the entire corrupt affair that was the harding white house. they had a circle of cronies that was called the ohio gang. they...